Weather Index
Weather Index insurance does not measure the actual loss to your
agricultural enterprise but uses the measurement of a weather
element such as temperature or rainfall to provide an index against
which the loss is approximated. The measurement is taken from a
weather station or calculated for a given grid point.
CRU's Weather Index insurance policies use data provided by SILO
as hosted by the Queensland Department of Environment and Science
(DES). Details on SILO can be found at:
https://www.longpaddock.qld.gov.au/silo/
CRU provides two policy options which operate over a time period
selected by the client:
- Adverse Temperature - too many days above or below a threshold
temperature
- Adverse Rainfall - too many or too few millimetres of rain
above or below a threshold rainfall level
It is important to understand that the weather experienced on
the farm may not reflect the weather recorded at the weather
station or calculated for the grid point.
Any payment made under the policies is the lesser of the index
loss and the actual loss experienced at the agricultural
enterprise.
How to arrange
cover